There's a lot of attention being paid to housing construction and how it looks to have topped out but there's not so much focus on non-residential building, which is doing just the opposite.

Latest monthly building approvals figures show the number of home-building approvals dropping in September to a 10-month low. The seasonally adjusted figures from the Australian Bureau of Statistics can be quite volatile from month to month, thanks to large apartment projects. Even so, the bureau’s trend estimates – which cut…